Mangus Ortus Novem
SENIOR MEMBER
- Joined
- Jun 7, 2008
- Messages
- 2,984
- Reaction score
- 186
- Country
- Location
For all intents and purposes, India is a banana republic, a wretched place of poverty and disease.....
The only difference between India and other well-recognized banana republics is that India has so far avoided overly negative headlines in the international media; Indian lobbies in the US and the UK work very hard to make India look good. As noted above, this mainly serves to prop up the self-esteem of NRIs.
It has become fashionable to compare India to China.
This comparison seems extremely far-fetched. Chinese GDP per capita is more than five times higher, and is growing more than four-times faster than India’s in absolute terms. If India keeps growing at the recent high rate of 7.5% and China at a mere 6.3%, it will take India more than 135 years to catch up with China’s economic output in absolute terms.
(Above are the words from an indian writer...please, see references below)
It is truly disturbing picture that the indian writer brings out in the REAL world. Instead of making fun of indians here...we need to pause for thought..show compassion and develop understanding in order to deal with this bizarrre state of affairs...
When this circus in india comes crashing down...who is going to be blamed?
What distractions will the regime use?
What promises will it make?
The smoke screen of black money operation is just a stunt...cui bono ????
There are also sane vocies in india. These voices need a podium.
Jayant Bhandari has written a thought provoking and brutally honest series.
1- India’s Government Makes Banknotes Worthless by Decree Overnight
As I write this in the morning of 9th November 2016, there are huge lines forming outside gold shops in India — and gold traded heavily until late into the night yesterday. Depending on who you ask, the retail price of gold has gone up between 15% and 20% within the last 10 hours.
Link: http://www.acting-man.com/?p=47768
2- Chaos in the Wake of the Ban
Here is a link to Part 1, about what happened in the first two days after India’s government made Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes illegal. They can now only be converted to Rs 100 (~$1.50) or lower denomination notes, at bank branches or post offices. Banks were closed the first day after the decision. What follows is the crux of what has happened over the subsequent four days.
link: http://www.acting-man.com/?p=47842
3) When Money Dies
In part-I of the dispatch we talked about what happened during the first two days after Indian Prime Minister, Narendra Modi banned Rs 500 and Rs 1000 banknotes, comprising of 88% of the monetary value of cash in circulation. In part-II, we talked about the scenes, chaos, desperation, and massive loss of productive capacity that this ban had led to over the next few days.
link: http://www.acting-man.com/?p=47966
4) A Market Gripped by Fear
The Indian Prime Minister announced on 8th November 2016 that Rs 500 and Rs 1,000 banknotes would no longer be legal tender. Linked are Part-I, Part-II and Part-III updates on the rapidly encroaching police state.
The economic and social mess that Modi has created is unprecedented. It will go down in history as an epitome of naivety and arrogance due to Modi’s self-centered desire to increase tax-collection at any cost.
link: http://www.acting-man.com/?p=48031
5) Gold Price Skyrockets....
Expect a continuation of new social engineering notifications, each sabotaging wealth-creation, confiscating people’s wealth, and tyrannizing those who refuse to be a part of the herd, in the process destroying the very backbone of the economy and civilization.
There are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal. Expect capital controls to follow. Chaos from people’s inability to access the money in their bank accounts is now spreading to the people who have so far been unaffected: the middle class.
This is a completely unnecessary man-made disaster, with the single aim of glorifying Narendra Modi.
Link: http://www.acting-man.com/?p=48062
6) India's Rapid Progression Towards a Police State
There are undoubtedly many differences between the two gentlemen depicted above, but both appear to have mastered the age-old trick of extending one’s grip on political power by inflicting chaos.
As the deadline of 31st December 2016 approaches, Gresham’s law has been turned upside down. When they needed to be converted, the banned currency notes were trading for a 20% discount to their face value. In the meantime, the discount has disappeared and the banned notes are trading at a premium of 10%. The mafia which deals in the banned notes could not possibly be happier — it promises to be a big supporter of Modi going forward.
link: http://www.acting-man.com/?p=48195
7)- Modi’s Fantastic Promises
There is still huge support for Modi even among the poor. A big carrot is dangled before them, which makes many stay numb to their current suffering. During his election campaign in 2014, Modi promised to deposit more than Rs 1.5 million (~$22,000) in each poor person’s account once the government had seized all black money.
Massive problems have been reported with the new bills. Some have been printed on defective paper and are simply falling apart. The inferior quality of the print job is generally often on the appalling side of deplorable. The new notes are counterfeited with great abandon, quite likely to a much greater extent than they ever were in the past. So much for Modi’s plan to stop counterfeiting.
Photo credit: The Hindu
How he arrived at this fantastic figure is anyone’s guess. But given India’s GDP of $1,718 per capita, Modi has promised to deposit 1,300% of annual GDP in individual bank accounts. The total amount would be larger than the entire GDP of the US. Evidently, this does not even remotely add up.
Link : http://www.acting-man.com/?p=48196
@Kaptaan @Areesh @PaklovesTurkiye @HAKIKAT @Shotgunner51 @Chinese-Dragon @T-Rex @war&peace @Mentee @LA se Karachi @MastanKhan @Dungeness @Two @Indians....
The only difference between India and other well-recognized banana republics is that India has so far avoided overly negative headlines in the international media; Indian lobbies in the US and the UK work very hard to make India look good. As noted above, this mainly serves to prop up the self-esteem of NRIs.
It has become fashionable to compare India to China.
This comparison seems extremely far-fetched. Chinese GDP per capita is more than five times higher, and is growing more than four-times faster than India’s in absolute terms. If India keeps growing at the recent high rate of 7.5% and China at a mere 6.3%, it will take India more than 135 years to catch up with China’s economic output in absolute terms.
(Above are the words from an indian writer...please, see references below)
It is truly disturbing picture that the indian writer brings out in the REAL world. Instead of making fun of indians here...we need to pause for thought..show compassion and develop understanding in order to deal with this bizarrre state of affairs...
When this circus in india comes crashing down...who is going to be blamed?
What distractions will the regime use?
What promises will it make?
The smoke screen of black money operation is just a stunt...cui bono ????
There are also sane vocies in india. These voices need a podium.
Jayant Bhandari has written a thought provoking and brutally honest series.
1- India’s Government Makes Banknotes Worthless by Decree Overnight
As I write this in the morning of 9th November 2016, there are huge lines forming outside gold shops in India — and gold traded heavily until late into the night yesterday. Depending on who you ask, the retail price of gold has gone up between 15% and 20% within the last 10 hours.
Link: http://www.acting-man.com/?p=47768
2- Chaos in the Wake of the Ban
Here is a link to Part 1, about what happened in the first two days after India’s government made Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes illegal. They can now only be converted to Rs 100 (~$1.50) or lower denomination notes, at bank branches or post offices. Banks were closed the first day after the decision. What follows is the crux of what has happened over the subsequent four days.
link: http://www.acting-man.com/?p=47842
3) When Money Dies
In part-I of the dispatch we talked about what happened during the first two days after Indian Prime Minister, Narendra Modi banned Rs 500 and Rs 1000 banknotes, comprising of 88% of the monetary value of cash in circulation. In part-II, we talked about the scenes, chaos, desperation, and massive loss of productive capacity that this ban had led to over the next few days.
link: http://www.acting-man.com/?p=47966
4) A Market Gripped by Fear
The Indian Prime Minister announced on 8th November 2016 that Rs 500 and Rs 1,000 banknotes would no longer be legal tender. Linked are Part-I, Part-II and Part-III updates on the rapidly encroaching police state.
The economic and social mess that Modi has created is unprecedented. It will go down in history as an epitome of naivety and arrogance due to Modi’s self-centered desire to increase tax-collection at any cost.
link: http://www.acting-man.com/?p=48031
5) Gold Price Skyrockets....
Expect a continuation of new social engineering notifications, each sabotaging wealth-creation, confiscating people’s wealth, and tyrannizing those who refuse to be a part of the herd, in the process destroying the very backbone of the economy and civilization.
There are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal. Expect capital controls to follow. Chaos from people’s inability to access the money in their bank accounts is now spreading to the people who have so far been unaffected: the middle class.
This is a completely unnecessary man-made disaster, with the single aim of glorifying Narendra Modi.
Link: http://www.acting-man.com/?p=48062
6) India's Rapid Progression Towards a Police State
As the deadline of 31st December 2016 approaches, Gresham’s law has been turned upside down. When they needed to be converted, the banned currency notes were trading for a 20% discount to their face value. In the meantime, the discount has disappeared and the banned notes are trading at a premium of 10%. The mafia which deals in the banned notes could not possibly be happier — it promises to be a big supporter of Modi going forward.
link: http://www.acting-man.com/?p=48195
7)- Modi’s Fantastic Promises
There is still huge support for Modi even among the poor. A big carrot is dangled before them, which makes many stay numb to their current suffering. During his election campaign in 2014, Modi promised to deposit more than Rs 1.5 million (~$22,000) in each poor person’s account once the government had seized all black money.
Photo credit: The Hindu
How he arrived at this fantastic figure is anyone’s guess. But given India’s GDP of $1,718 per capita, Modi has promised to deposit 1,300% of annual GDP in individual bank accounts. The total amount would be larger than the entire GDP of the US. Evidently, this does not even remotely add up.
Link : http://www.acting-man.com/?p=48196
@Kaptaan @Areesh @PaklovesTurkiye @HAKIKAT @Shotgunner51 @Chinese-Dragon @T-Rex @war&peace @Mentee @LA se Karachi @MastanKhan @Dungeness @Two @Indians....
